https://www.taxtmi.com/caselaws?id=425740 The Tribunal upheld the decision to add Rs. 1,78,66,925 as unexplained cash credit under section 68 of the Income Tax Act. Despite providing documentation, the genuineness and creditworthiness of the transaction with the creditor were not established. The creditor's lack of financial capacity and inconsistencies in statements led to the dismissal of the assessee's appeal. The order confirming the addition was pronounced on 27-07-2022. en-us Wed, 27 Jul 2022 00:00:00 +0530 Sat, 30 Jul 2022 19:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425740 The Tribunal upheld the decision to add Rs. 1,78,66,925 as unexplained cash credit under section 68 of the Income Tax Act. Despite providing documentation, the genuineness and creditworthiness of the transaction with the creditor were not established. The creditor's lack of financial capacity and inconsistencies in statements led to the dismissal of the assessee's appeal. The order confirming the addition was pronounced on 27-07-2022. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425740